1887

UN Department of Economic and Social Affairs (DESA) Working Papers

The UN Department of Economic and Social Affairs (DESA) Working Papers aim to stimulate discussion and critical comment on the broad range of economic, social and environmental issues associated with the United Nations Development Agenda.

English

Market, Social Cohesion, and Democracy

This paper offers three guiding principles for a better relationship between the economy and democracy: democracy as the extension of citizenship; democracy as diversity; and democracy as complementary to clear, strong macroeconomic rules. This view, it is argued, implies that economic and social institutions must be subject to democratic political choice. In this context, it analyses the role of both national and international institutions in improving the complementarity of the market, social cohesion and democracy. The central role of economic and social rights serves as the overarching framework for the analysis.

English

Keywords: democracy, citizenship, market economy, property rights, inequality, social cohesion
JEL: H4: Public Economics / Publicly Provided Goods; E61: Macroeconomics and Monetary Economics / Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook / Policy Objectives; Policy Designs and Consistency; Policy Coordination; D6: Microeconomics / Welfare Economics; H1: Public Economics / Structure and Scope of Government; F02: International Economics / General / International Economic Order and Integration; I3: Health, Education, and Welfare / Welfare, Well-Being, and Poverty
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